Buy NEO
What is NEO?
NEO is a blockchain-based cryptocurrency and application platform used to run smart contracts and decentralised applications. It aims to create a "smart economy" by digitising assets and identities through the use of blockchain technology.
How does NEO work?
NEO operates using a combination of a blockchain and a unique consensus mechanism known as Delegated Byzantine Fault Tolerant (dBFT), along with Proof of Stake (PoS). This system allows for large-scale participation in consensus through proxy voting. NEO holders vote for bookkeepers who then use the BFT algorithm to reach consensus and generate new blocks. The platform supports smart contracts using the NeoVM, a lightweight and versatile virtual machine designed for high efficiency.
What are the potential use cases for NEO?
NEO's use cases span across on-chain governance, passive income through staking, smart economy applications, digital identity solutions, development of decentralised applications (dApps), and cross-chain interoperability. It is recognised for real-world applications like cryptographic trade platforms, improved B2C engagement networks, cross-chain expansions, and decentralised exchanges. NEO's partnerships and integrations further bolster its use case capabilities across various industries such as financial services, gaming, and telecommunications.
What is the history of NEO?
NEO was initially founded as Antshares in 2014 by Da Hongfei and Erik Zhang. In 2017, it was rebranded to NEO, marking a significant shift towards an enhanced focus on smart contracts and its "smart economy" vision. The project's significant milestones include a successful ICO in 2016, reaching a top-tier market status by 2017, and the launch of Neo3 in 2021, which revamped the existing blockchain infrastructure to bolster its technological capabilities and developer adoption. NEO maintains a dual-token system involving NEO and GAS, facilitating governance and utility on the network.
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Frequently Asked Questions (FAQs)
What is the current price of NEO (NEO)?
The NEO price is $22.76 AUD, representing a -3.52% from the day prior.
Where is the best place to buy NEO (NEO) in Australia?
The best place to buy NEO (NEO) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell NEO (NEO) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of NEO (NEO)?
The trading volume of NEO (NEO) is $71.3M AUD in the last 24hrs, representing a -3.52% from the day prior.
How can I buy NEO (NEO)?
NEO (NEO) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of NEO (NEO)?
The current market cap of NEO (NEO) is $1.6B AUD.
Can I convert NEO (NEO) to cash?
Yes - With Coinstash you can convert your NEO (NEO) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many NEO (NEO) are there?
The current circulating supply of NEO (NEO) is 70.5M.
Is Coinstash a safe place to buy NEO (NEO) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling NEO (NEO) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.